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AUD/USD - Using Hawkeye Volume To Identify Supply

Updated: Jul 27, 2024

Speciale Analysis

Hey Trader,


Reflecting and Growing in Your Trading Journey


As you continue to navigate the complexities of the trading world, I wanted to share a verse that encourages self-reflection and personal growth:


"Search me, God, and know my heart; test me and know my anxious thoughts. See if there is any offensive way in me, and lead me in the way everlasting."

  • Psalm 139:23-24


In the fast-paced and often stressful environment of trading, it is essential to take moments for introspection and self-assessment.


This verse reminds us to seek divine guidance in understanding our inner selves, addressing our anxieties, and correcting any missteps.


By doing so, we align ourselves with a path of integrity and lasting success.


Let this verse inspire you to regularly reflect on your thoughts, actions, and motivations.


Embrace the process of growth and improvement, and seek guidance to navigate your trading journey with clarity and purpose.


By fostering a mindset of continual learning and self-awareness, you set yourself up for enduring success. Wishing you reflection, growth, and success in all your trading endeavors!


Be Relentless In Pursuit Of The Will 

Which God Has Set Upon Your Heart,

Anthony Speciale



AUD/USD - Using Hawkeye Volume To Identify Supply

Hey folks, Anthony Speciale here with Hawkeye Traders. Welcome to today's analysis video where we'll dive into the Australian Dollar/US Dollar (AUD/USD) currency pair.


We're going to focus specifically on a high volume node that occurred at 9:45 a.m. today, triggered by some economic data releases.


Understanding these high volume nodes and their implications can greatly enhance your trading decisions.


Economic Data and Market Reactions


This morning, economic data releases impacted market movements.


Throughout the week, we'll continue to see various data points that the market will react to, either bullishly or bearishly.


Our goal as traders is to interpret these reactions accurately and make informed trading decisions.


Analyzing Volume and Price Action


On my screen, you can see traditional volume printing red, while Hawkeye volume is printing green.


Additionally, the Hawkeye paint bar is also green. This discrepancy is crucial to understand.


Many might assume that a lower closing price compared to the opening should result in a red bar. However, the bias within this candle was actually driven by aggressive buyers.


This situation exhibits significant weakness and absorption, leading the market to continue lower. As the session progressed, the AUD/USD pair failed to break above the earlier session highs, indicating a strong supply zone at those levels.


This consistent inability to move higher suggests that sellers are absorbing buying pressure.


chart

Identifying Supply and Resistance Levels


The high of this particular candle marks an area of supply. Despite multiple retests, the market failed to push higher, resulting in lower highs.


This pattern, combined with the surge in volume, signifies strong resistance and potential for further downward movement.


Traditional volume might show red, but Hawkeye volume reveals aggressive buying being absorbed by sellers, leading to a continued sell-off.


The Importance of Understanding Volume Dynamics


Recognizing who the aggressor is at any given point is crucial. In this instance, strong buying was met with absorption by sellers, causing the price to fall.


This insight is vital for traders aiming to make low-risk, high-probability trades.


By understanding the relationship between volume and price action, traders can identify significant market movements before they happen.


Enhance Your Trading With Hawkeye Volume Indicators


At Hawkeye, our goal is to help you understand these market dynamics. Our indicators are designed to reveal insights that traditional volume charts might miss.


We want you to recognize when, where, and why something out of the norm is happening because these are often the precursors to substantial market moves.


Speciale Analysis

Join Our Training Webinar


To dive deeper into these concepts, I invite you to join our training webinar.


We'll explore the intricate relationship between volume and price action and how to use this knowledge to develop a robust trading strategy.


During the webinar, we'll get the Hawkeye Volume Indicators on your chart and provide access to the Hawkeye Volume Mastery Series, where we delve further into these theories.


Understanding market dynamics is key to successful trading.


By attending our training webinar, you'll gain the insights needed to identify high-probability setups and enhance your trading performance.



Trading is all about making informed decisions based on accurate market analysis.


The insights provided by the Hawkeye indicators can help you see the market in a new light, allowing you to make better trading decisions.


Join our training webinar to learn more about how volume and price action interact and how you can use this knowledge to your advantage.


Thank you for watching, and I look forward to seeing you in the training webinar.


Stay informed, stay focused and stay disciplined ! ! !



Thank you for reading, and I look forward to seeing you in our next session . . .


God bless, and have a wonderful day!


If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!



Happy Trading,

Speciale Analysis



Anthony and Anna Speciale

About the Author:

Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.



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